[CPEO-BIF] Comptroller supports reform of New York State Brownfields tax credits

[Lenny Siegel <lsiegel@cpeo.org>]

Cuomo reform of multibillion-dollar pollution program gets comptroller nod
DiNapoli endorses changes to costly brownfield plan

By Brian Nearing
Albany Times-Union (NY)
January 28, 2014

         
Albany - State Comptroller Tom DiNapoli praised potential changes offered by Gov. Andrew Cuomo to a controversial pollution cleanup program that has already cost taxpayers more than $1 billion and could cost billions more in coming years.

Speaking during an informal question-and-answer session with reporters at his State Street headquarters, DiNapoli said changes to the Brownfield Tax Credit program included in the governor's proposed 2014-15 budget are "on the right" track to curb abuses under the decade-old effort.

Last spring, DiNapoli warned that the program, which pays developers to clean polluted land and build new projects, was one of the nation's costliest, while also cleaning up too few properties as much of the state's cash went to reimburse construction costs for high-end projects, rather than cleanup costs.


…

For the entire article, see
http://www.timesunion.com/default/article/Cuomo-reform-of-multibillion-dollar-pollution-5183279.php

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Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street
Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
LSiegel@cpeo.org
http://www.cpeo.org




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